Institution: California State Teachers’ Retirement System
Headquarters: Sacramento, United States
Allocation to alternatives: 26.92%
California State Teachers’ Retirement System has committed $300 million to Blackstone Real Estate Partners IX, $175 million to Curzon Capital Partners 5, $100 million to Lionstone US Value Add Five, $125 million to FRO MA I (Fortress Investment Group), $15 million to Waterton Residential Property Venture XII and $51 million to Waterton Residential Property Venture XIII Edge Co-Invest. All funds are diversified in nature with the exception of both Waterton funds, which invest exclusively in multifamily real estate.
The US public pension has a 12% target allocation to real estate that currently stands at 14.62%.
As illustrated in the charts below, CalSTRS has a 26.92% allocation to alternative assets. The pension has a global appetite for funds across all strategies.
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